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12th District (San Francisco)
Discount Window

Please Note: Information on this webpage is specifically for the Federal Reserve Bank of San Francisco and may not pertain to other Federal Reserve Banks. Information regarding your Federal Reserve Bank's Discount Window may be available on your District's Contacts & Resources Page.

Discount Window Overview: General information about the Federal Reserve Bank's Discount Window program; includes information on types of credit available, interest rates on the credit, eligibility, restrictions, arrangements on borrowing, pledging collateral and posting methods of the credit.

The 12th District Discount Window Programs: Participation and Pledging Guide [PDF; 1.22MB]: provides information on the program specific to the 12th District.

Application Process

To access the discount window, borrowers must file the necessary lending agreements and authorizing resolutions under the terms set forth in the Federal Reserve's lending agreement, Operating Circular No. 10 [PDF; 249K]offsite link.

At a minimum, depository institutions must execute and submit the following four documents to be eligible for Discount Window access:
In addition, if your institution does not have a Federal Reserve account, please execute the "Form of Letter of Agreement to Correspondent Credit and Payment Agreement." [MS Word; 38K]

If your institution is a branch or agency of a foreign bank, please contact us for further information at 1-866-974-7475 or email us.
Current Interest Rates
Primary Credit 0.75%
Secondary Credit 1.25%
Seasonal Credit 0.25%
Fed Funds Target 0 - 0.25%